English English
DeutschEnglish
Research
CommentariesStudiesFvS Wealth Price Index for GermanyFvS Wealth Price Series for the Euro AreaFvS Business Cycle IndicatorFvS Real Economy TrackerFvS Inflation TrackerThe Euro MeltdownPressPeer reviewed publications
About us
The instituteTeamContact
Research
CommentariesStudiesFvS Wealth Price Index for GermanyFvS Wealth Price Series for the Euro AreaFvS Business Cycle IndicatorFvS Real Economy TrackerFvS Inflation TrackerThe Euro MeltdownPressPeer reviewed publications
Press

09.02.2018 - Studies

The Bitcoin bet

by Marius Kleinheyer

The bet on Bitcoin as our future money is a bad bet. Even if you expect crypto money in the future, you must expect that neither Bitcoin nor any of the other existing currencies will prevail.

Only herd behaviour can explain Bitcoin's price movement. In fact, the characteristics of a speculative cycle are good to see for Bitcoin's price development. Whether it will come to an end or be inflated again cannot be predicted.

Please note: This study is available in German only.

Download study as PDF (Reading time ca. 15 min)

Related Articles

08.02.2018 - Society & Finance

Invest by calendar? Stock market seasonalities

While empirical research in the past has been able to identify seasonalities in the capital market, we show that such calendar effects have almost disappeared.

08.03.2018 - Society & Finance

Smart beta ETFs – Euphemism par excellence

by Agnieszka Gehringer

Few trends on capital markets have received so much attention as the strong growth of exchange traded funds (ETFs). Within this asset class, the so called smart beta (SB) products enjoy ever growing popularity.